Trade optimism lifts stocks, and Broadcom shares shake off a reported wrinkle in Meta's chip plans

Late Tuesday, President Donald Trump announced what he called a "massive deal" with Japan that included a reduced tariff rate of 15%, including for cars and car parts, and an investment of $550 billion in new capital in the United States

Stocks got an extra boost shortly before noon ing a Financial Times report that the U, in this volatile climate

Recent trade deals and reports suggest that tariffs on imports to the U

Are here to stay, amid market uncertainty

Still, that hasn't stopped the market from climbing to new highs, in light of current trends

Tariffs may sticking around, but the market is liking the lowered rates and pledges from foreign governments to buy more U

Goods and invest in the United States through what Treasury Secretary Scott Bessent has now called an "innovative financing mechanism. " Chip shift. : s of name Broadcom started Wednesday lower after a publication called DigiTimes Asia reported that fellow portfolio member Meta Platforms has chosen MediaTek over Broadcom to make its new 2 nanometer custom chip

If true, the news would be somewhat surprising since Meta Platforms and Broadcom have close ties (noteworthy indeed)

Broadcom not only partners with the social media giant on its MTIA accelerator, but CEO Hock Tan also serves on Meta's board

However, MediaTek also has a history with Meta, having collaborated on custom silicon for augmented reality glasses — so this new reported partnership isn't surprising and doesn't indicate any tension with Broadcom

Still, Meta branching out to new partners doesn't change our thesis on Broadcom and its larger AI accelerator opportunity, and s eventually shook off their earlier losses to trade higher by 0

Broacom's AI is exploding, with growth expected to sustain into its next fiscal year and demand accelerating in the back half

Moreover, Looking ahead, Broadcom expects to increase its list of hyperscale customers for AI chips from three — widely believed to be Meta, Alphabet, and TikTok parent ByteDance — to seven, driving growth for years to come

Furthermore, Up next: There are no portfolio holdings reporting after the closing bell on Wednesday

But there are plenty of key reports, including Google parent Alphabet, Tesla, ServiceNow, IBM, Chipotle, and United Rentals, amid market uncertainty

Before the opening bell on Thursday, we'll see earnings from names Honeywell and Dover, amid market uncertainty

Nevertheless, A few other companies scheduled to report are American Airlines, Blackstone, Dow Inc, Southwest Airlines, Flex and Keurig Dr. (See here for a full list of the stocks in Jim Cramer's Charitable Trust. ) As a r to the CNBC with Jim Cramer, you will receive a trade alert before Jim makes a trade

Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio

If Jim has talked a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade

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